The inflation rate in Faroe Islands was recorded at 1.20 percent in the first quarter of 2019. Inflation Rate in Faroe Islands averaged 1.07 percent from 2002 until 2019, reaching an all time high of 7.90 percent in the third quarter of 2008 and a record low of -3.10 percent in the third quarter of 2009.

Faroe Islands Inflation Rate
Forecast Data Chart
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Faroe Islands Prices Last Previous Highest Lowest Unit
Consumer Price Index Cpi 120.00 120.30 193.80 99.30 Index Points [+]
Inflation Rate 1.20 1.60 7.90 -3.10 percent [+]
Inflation Rate Mom -0.30 0.30 2.20 -1.30 percent [+]
Food Inflation 0.30 0.10 8.70 -1.60 percent [+]

Faroe Islands Inflation Rate

In Faroe Islands, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of total weight), housing and utilities (18 percent), transport (14 percent), and recreation and culture (11 percent). Miscellaneous goods and services account for 8 percent; furnishing and household equipment for 8 percent; and clothing and footwear for 6 percent. The index also includes: communication (5 percent); alcoholic beverages and tobacco (5 percent); restaurants and hotels (3 percent); and health (2 percent). This page provides - Faroe Islands Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Inflation Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.60 7.90 -3.10 2002 - 2019 percent Quarterly

Country Last Previous
Argentina 57.30 May/19
Turkey 18.71 May/19
Russia 5.10 May/19
Brazil 4.66 May/19
South Africa 4.50 May/19
Mexico 4.28 May/19
Indonesia 3.32 May/19
India 3.05 May/19
China 2.70 May/19
Canada 2.40 May/19
Netherlands 2.40 May/19
United Kingdom 2.00 May/19
United States 1.80 May/19
Germany 1.40 May/19
Australia 1.30 Mar/19
Euro Area 1.20 May/19
France 0.90 May/19
Singapore 0.90 May/19
Italy 0.80 May/19
Spain 0.80 May/19
Japan 0.70 May/19
South Korea 0.70 May/19
Switzerland 0.60 May/19
Saudi Arabia -1.50 May/19